OakNorth Bank Lends £37m for UK Storage Company Buyout Jun 27, 2023 OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has provided a £37m loan to UK Storage Company, one of the UK’s largest independent self-storage providers. Founded in 2005 by Keith and Cathy Taylor, UK Storage Company opened its first site in Bridgwater, Somerset that year, with the site also being used as its headquarters. Its second […] Posted by: Mya Driver Read more
£22 million funding for Hilton Hotel renovation Jun 27, 2023 Arc & Co, a specialized debt advisor, has successfully obtained a £22 million facility from OakNorth Bank to finance renovation projects for the Hampton by Hilton hotel situated at Edinburgh Airport. The senior commercial loan, with a duration of three years, is secured against the hotel itself and operates on an interest-only basis.Ability Hotels, the […] Posted by: Mya Driver Read more
MFS secures £400m funding line from institutional investors with specialist finance in demand Jun 27, 2023 Market Financial Solutions (MFS) has secured £400 million of new institutional funding to fuel the growth of the lender’s loan book as demand for specialist finance ramps up. The new funding from an institutional investor will be applied across MFS’s bridging finance products. Bridging loan applications (+13.1%) and completions (+11.8%) both rose notably in Q1 2023 […] Posted by: Mya Driver Read more
Shawbrook provides unique funding for purpose-built student accommodation in Durham Jun 26, 2023 Three Tuns Development Ltd, a joint venture between two professional property developers Simon Williams and Andrew Ward, has secured funding on a large semi commercial asset, with backing from Shawbrook. In 2016, Three Tuns Development Ltd acquired a former hotel and a parade of adjoining retail units in Durham city centre. Since then, the existing […] Posted by: Mya Driver Read more
Industrial Assets Fetch Over £16 Million in Sales Jun 26, 2023 Investor plc (AEWU) has completed the sale of two industrial assets, fetching a total of over £16 million. The properties, namely Euroway Trading Estate in Bradford and Lockwood Court in Leeds, were sold for £6.45 million and £9.65 million, respectively. AEWU initially acquired Euroway Trading Estate back in November 2016 for £4.95 million, while Lockwood […] Posted by: Mya Driver Read more
New agreement heralds next phase of £100m plans for Falkirk Jun 26, 2023 A £100m project which is set to deliver new homes, offices, food outlets and leisure facilities in Falkirk is on course to commence next year, following the signing of a new development agreement. The move, which comes as joint venture partners Hargreaves Land and Fintry Estates have reached agreement with Falkirk Council, paves the way for a […] Posted by: Mya Driver Read more
Clifton Business Park ambitions take a step forward Jun 26, 2023 Calderdale Council is progressing its longstanding ambition to transform a large site in Clifton into a thriving business park, to create 1,300 jobs and major benefits for Calderdale and West Yorkshire. In line with the Council’s priority for thriving towns and places, the proposed Clifton Business Park would support economic growth, bring opportunities for local […] Posted by: Mya Driver Read more
Ares European Real Estate Debt Provides £300 Million Senior Debt Facility to Refinance Portfolio of Central London Assets Jun 23, 2023 Ares Management Corporation announced today that its European Real Estate Debt team has closed on a £300 million senior loan to refinance a portfolio comprised of two marquee central London assets. Located in the heart of New Bond Street, 21-23 New Bond Street is ideally positioned among the main shopping strip of major international luxury […] Posted by: Mya Driver Read more
Brookfield developments given the go ahead Jun 23, 2023 Broxbourne Borough and Hertfordshire County Councils, along with their development partner, Sovereign Peveril, are delighted to announce that it has been agreed to grant planning permission for the Brookfield Riverside and Brookfield Garden Village developments. At a meeting of the Planning and Regulatory Committee on Tuesday 20 June, it was agreed to approve the proposals. […] Posted by: Mya Driver Read more
Plans to transform former Kellogg’s HQ site into residential-led, mixed-use neighbourhood get go-ahead Jun 23, 2023 A new Village Green sits at the heart of the development, creating a focal point for key buildings to front onto. Generous boulevards leading to the Village Green form new pedestrian routes through the site, improving connectivity between the existing neighbourhoods and the Metrolink tram station adjacent to the site.The Village Green is complemented by […] Posted by: Mya Driver Read more
